A stretch of North Dakota highway watches oil boom and bust
Clip: 8/2/2016 | 7m 7s
Oil prices have been dropping since the industry’s boom in 2014.
Oil prices have been dropping since the industry’s boom in 2014, and with that decline comes economic uncertainty for oil towns like Dickinson, North Dakota. Over 180 rigs drilled at the nearby Bakken oil field two years ago; only 27 remain active today. The slowdown has taken its toll on all sectors of business, from the housing market to hotel occupancy. Inside Energy’s Emily Guerin reports.
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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...
A stretch of North Dakota highway watches oil boom and bust
Clip: 8/2/2016 | 7m 7s
Oil prices have been dropping since the industry’s boom in 2014, and with that decline comes economic uncertainty for oil towns like Dickinson, North Dakota. Over 180 rigs drilled at the nearby Bakken oil field two years ago; only 27 remain active today. The slowdown has taken its toll on all sectors of business, from the housing market to hotel occupancy. Inside Energy’s Emily Guerin reports.
Problems playing video? | Closed Captioning Feedback
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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...